Worldpay vs Paypal

WorldPay is a credit card processor which offers a secure proprietary platform that allows an organization to accept a wide array of payment types. PayPal offers a merchant account through Payments Pro which offers a similar gateway for businesses, allowing credit and debit card payments to be received securely and directly.

If you are creating an e-commerce platform and need a way to process sales, then the WorldPay vs PayPal debate is for you. Here are the key points that you’ll want to consider.

1. Business Gateway

WorldPay allows users to accept PayPal transactions through their Business Gateway account. This allows you to be able to view your transactions in one place while customers receive an accelerated checkout process. You would ten settle funds or perform refunds when necessary through your PayPal account. No additional WorldPay charge is added for this service, but PayPal fees do apply. Customers can also use their own credit or debit card if they prefer.

PayPal Express Checkouts are currently available to UK WorldPay customers only.

PayPal offers a similar service through their Merchant Gateway. Buyers can checkout securely with their credit or debit card, even if they don’t have a PayPal account. Funds are then instantly deposited into the account and can be used with an issued debit card. If a buyer has their own PayPal account, then they can just transfer money from their account to yours.

PayPal also accepts Discover, which WorldPay does not.

2. Transaction Fees

WorldPay offers UK customers two competitive pricing plans to consider. You can either pay as you go, which is a 2.75% + £0.20 transaction fee, or you can pay a fixed monthly fee of £19.95 and then have a 2.75% transaction fee for credit cards and a 0.75% transaction fee for debit cards. Volume pricing is available for sellers with over 1,000 monthly transactions. There are no fees to accept payments in foreign currencies.

PayPal charges a 2.9% + $0.30 transaction fee on the amount that is received from a buyer. This would mean a $100 purchase would result in a fee of $3.20. If you send an invoice or request money from someone, this fee also applies. International sales on PayPal have a 3.9% transaction fee, plus a fixed fee based on the currency received. PayPal Here card reader sales charge a 2.7% transaction fee when the card is swiped, or a 3.5% + $0.15 fee for transactions that are manually entered. The Payments Pro plan is $35 per month.

There are no setup fees for either account. You are not required to have a Payments Pro plan in order to accept online transactions through PayPal.

3. Integrations

WorldPay integrates with numerous business systems and applications. This includes ApplePay, QuickBooks, Oracle, NCR, and CyberSource. You can also import WorldPay data into PayPal to generate user reports within your PayPal account.

PayPal offers fewer integrations, but more CMS platform options. You can integrate Payments Pro with Shopify, 123 Contact, Graivty Form, Bookeo, and Magento.

4. Key Features

WorldPay is intended for supporting SMBs with their online or offline credit card transactions. It supports numerous point-of-sale systems, offers customizable developmental interfaces, and includes ATM processing. Businesses also receive mobile payment support for both cash and credit/debit cards.

PayPal offers almost global acceptance of payments, serving transactions in 200+ countries, but is intended to serve businesses of any size. Freelancers and sole proprietors receive the same benefits as larger organizations and enterprises. There are also nonprofit supports in place, including transaction fee reductions of 0.5%. PayPal offers a simple customer checkout procedure for those who are shopping online. Offline transactions are also fast and familiar, with a flexible checkout process supporting multiple payment methods.

5. Protections

WorldPay offers a wide range of anti-fraud services, but is only available to UK customers who hae a Business Gateway Plus account.

PayPal offers users protection by freezing transactions for investigation if fraud is suspected. Notifications are often instant, allowing sellers to stop order fulfillment until the order clears. Customers still have the opportunity to chargeback on a purchase and there are insurance options in place to make sure a buyer receives the correct product.

In the WorldPay vs PayPal debate, location is going to be a key consideration. If you live and/or operate out of the UK, then WorldPay is a competitive payment processing solution. Global users outside of the UK may see more benefits by using their PayPal account for business transactions through the Payments Pro program.

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